MERCURY GENERAL CORPORATION BOARD FEES
EX-10.1 2 v367756_ex10-1.htm EXHIBIT 10.1
EXHIBIT 10.1
MERCURY GENERAL CORPORATION BOARD FEES
| PRIOR FEES | NEW FEES | |
| Director Compensation - Board Fee | $4,000 per quarter | $4,000 per quarter |
| Director Compensation - Meeting Attendance | $4,000 per meeting held in person or telephonically
lasting 1 hour or more
| $4,000 per meeting held in person or telephonically
lasting 1 hour or more
|
| $500 per meeting held telephonically lasting less
than 1 hour
| $500 per meeting held telephonically lasting less
than 1 hour
| |
| Audit Committee | ||
| Meeting Attendance (Chair) | $3,500 per meeting | $5,000 per meeting |
| Meeting Attendance (Non Chair) | $2,500 per meeting | $3,000 per meeting |
| Annual Retainer (Chair) | $4,000 | $5,000 |
| Compensation Committee | ||
| Meeting Attendance (Chair) | $500 per meeting | $2,000 per meeting |
| Meeting Attendance (Non Chair) | $500 per meeting | $1,500 per meeting |
| Annual Retainer (Chair) | $2,500 | $4,000 |
| Nominating/Corporate Governance Committee | ||
| Meeting Attendance (Chair) | $1,500 per meeting | $1,500 per meeting |
| Meeting Attendance (Non Chair) | $1,000 per meeting | $1,000 per meeting |
| Annual Retainer (Chair) | $1,500 | $2,000 |
| Investment Committee | ||
| Meeting Attendance (Chair) | $1,500 per meeting | $2,000 per meeting |
| Lead Director - Annual Retainer | $10,000 | $15,000 |
